Tag Archives: ABCT

My earlier post on the empirical evidence of the ABCT was already too long. In this article, I will only add the discussion on the studies not covered earlier. I do not want to post another article each time a … Continue reading →

Critics of the ABCT believe that CCC constitutes a strong rejection of the austrian theory of capital. Apart from the empirical evidence of ABCT, one problem with the assumptions of the reswitching theory is that it assumes that ABCT is all about … Continue reading →

The Cambridge Capital Controversy (CCC) is sometimes cited as one of the strongest refutation of the Austrian Business Cycle Theory, considered by Mark Blaug as “the final nail in the coffin of the Austrian theory of capital” (cited be Huerta de … Continue reading →

This is a presentation of Huerta de Soto’s exposition of the ABCT, in Money, Bank Credit, and Economic Cycles, Second Edition (2009), and supplied by my own comments and arguments in defense of the ABCT. (February 2015: updated post) Chapter 5 … Continue reading →

I have regrouped the series of articles on the ABCT. The present post is subjected to modification and improvement over time, with my readings on the empirical works on the ABCT. Because this article is already too long, the studies … Continue reading →

There is something wrong with anti-austrians’ view on the multiple interest rates. I want to clarify this point. Dr. Hayek on Money and Capital – by Sraffa If money did not exist, and loans were made in terms of all … Continue reading →